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701 FOREST DRIVE – 3 BEDROOMS, 2.5 BATHS - $134,500.



701 FOREST DRIVE
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $  134,500.00  $  134,500.00  $  134,500.00  $ 134,500.00
MORTGAGE AMOUNT        135,845.00        132,063.87        127,775.00       121,050.00
DOWN PAYMENT                          -               4,707.50             6,725.00         13,450.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,143.19             1,143.19             1,143.19            1,143.19
POINTS
*CASH REQUIRED             2,943.19             7,650.69             9,668.19         16,393.19
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $658.37 $640.05 $619.26 $586.67
REAL ESTATE TAXES (with deductions) 46.59                   46.59                   46.59                  46.59
**HOMEOWNERS INSURANCE 75.00 75.00 75.00 75.00
***MORTGAGE INSURANCE 28.30 88.04 85.18 65.06
TOTAL PAYMENT     $808.27 $849.68 $826.04 $773.33
GROSS MONTHLY INCOME TO QUALIFY $2,886.67 $3,034.58 $2,950.14 $2,761.88
GROSS ANNUAL INCOME TO QUALIFY $34,640.01 $36,414.99 $35,401.62 $33,142.55

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*Cash required includes first year insurance premium.
Your lender will require this to be paid before the closing or at the closing.
 
**Homeowners Insurance can be purchased from the agent you choose.
The figure above is estimated. See your agent for an accurate quote based on the coverage you want.
 
***Mortgage Insurance is coverage for the lender in case you default. Coverage and premium payment plan vary
from lender to lender. While the figure above is a close estimate, the actual amount will be determined by your lender.


*Information is Subject to change without notice.*


Email: dave@rodkey.com

©2017 Dave Rodkey Realtors, Frankfort, IN